“In the event of loss, claims, costs, or expenses (including reasonable legal fees) arising out of your breach of this Agreement, any applicable law or regulation...you agree to defend, compensate us and our affiliates and hold us harmless.”
This analysis describes what Wise's agreement states, permits, or reserves. It does not constitute a legal determination about enforceability. Regulatory applicability and practical outcomes may vary by jurisdiction, enforcement context, and individual circumstances. Read our methodology
The indemnification obligation means customers can be held financially responsible for Wise's legal costs and losses whenever a customer's breach of the Agreement or law gives rise to claims against Wise.
Interpretive note: The excerpt appears truncated after 'regulation'; there may be additional triggering conditions not visible here.
If a customer breaches the Agreement or applicable law or regulation, that customer is required to cover Wise's and its affiliates' resulting losses, claims, costs, and reasonable legal fees.
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"In the event of loss, claims, costs, or expenses (including reasonable legal fees) arising out of your breach of this Agreement, any applicable law or regulation...you agree to defend, compensate us and our affiliates and hold us harmless.Excerpt from Wise's US Customer Agreement
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The indemnification obligation means customers can be held financially responsible for Wise's legal costs and losses whenever a customer's breach of the Agreement or law gives rise to claims against Wise.
If a customer breaches the Agreement or applicable law or regulation, that customer is required to cover Wise's and its affiliates' resulting losses, claims, costs, and reasonable legal fees.
ConductAtlas has identified this type of provision across 224 platforms. See the full comparison.
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